Techzim

Zimbabwe and regional technology news and updates

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RECHARGE

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OK Zimbabwe has stopped accepting USD payments because of SI 127

The long arm of Statutory Instrument 127 of 2021 (SI 127 of 2021) has reached one of Zimbabwe’s biggest retailers. In a memo to all branches, OK Zimbabwe will not be accepting USD payments because of the separation of receipts provision under SI 127 of 2021. Memoranda To: All Branches Att: All Branches, Financial Services, […]


SI 127 is going to increase ZWL$ prices & encourage black market conversions

Yesterday the government announced SI 127 of 2021 which put new rules and penalties of forex use. The Statutory Instrument looks like it was designed to stop businesses from pricing goods and services above the auction-rate more than anything else… The response by businesses as we saw in a tweet by journalist Hopewell Chin’ono is […]


Businesses to face Z$50K fine for not accepting ZWL$ equivalent of US$ goods & services

Here are new regulations for forex use under SI 127 of 2021 which details penalties for businesses who infringe Foreign Exchange Act and Bank Use Act


If you are interested in stocks & trading check out Deriv

If you have been around the stocks and trading scene for some time then the name Deriv isn’t anything new. The company, which was initially called Regent Markets in 1999 was established as an online trading platform with the goal of universal access. What is Deriv offering? Deriv, true to its mission, offers a range […]


SA electric vehicle company to set up assembly plant in Zim

Agilitee is a South African electric vehicle manufacturing company that specialises in electric motorcycles and scooters. The company last year embarked on a capital raising exercise and at the same time looking for prospective franchisees in Zimbabwe, Nigeria among other African countries. In an acceleration of events, it looks like Agilitee is now looking to […]


Pay As You Earn (PAYE) USD tax rates and tables 2021

It’s 2021 and dollarisation 2.0 is in full swing so if you are earning or paying employees in foreign currency (USD) here are the PAYE or Pay as you Earn tax rates according to ZIMRA. PAYE (Pay As You Earn) is a way of paying income tax on salaries. The employer is charged with deducting […]


EcoCash reaffirms its position as a licenced Bureau de Change

Straight from the horse’s mouth…


Apple is apparently giving the Chinese govt control over local user data

Is Apple cozying up to the Chinese government?


Biden Administration lifts Trump Xiaomi ban

Huawei next?…


Zimswitch needs to strike a balance between ZWL & USD e-commerce

The local merchant should not be left behind in the e-commerce boom.


BancABC joins forces with German-based startup hub

B2B Matchmaking and links into the EU.


Zimswitch partners with VISA to accelerate digital payments in Zimbabwe

There is just one niggle though…


5 Lessons from the Yunus East and Southern Africa business Forum for Youth Entrepreneurs

5 lessons for Zim’s social entrepreneurs from the recently held Yunus East and Southern Africa business Forum for Youth Entrepreneurs


What’s going on with Steward Bank & RTGS transfers?

It never rains for Steward Bank…


Want to pitch your startup to VCs? Check out this competition

A chance to pitch your ideas to Venture Capitalists and maybe win a cash prize


ZIMRA has started enforcing the second-hand car ban

It had already begun…


Zim’s Nhimbe Fresh completes US$1.4 mil solar crowd sale

Biggest solar crowd sale on the continent


LG calls it a day and exits the smartphone market

Cool designs but money talks at the end of the day


Xiaomi charged US$300K for “new” logo design

Now you know the cost of rounding off some edges.


ZIMRA urges all businesses to pay outstanding taxes

Tax man cometh part II


RBZ releases an additional list of Forex Auction beneficiaries

91.019% listed with nearly 60 million classified as other.


Econet, NetOne & Telecel combined revenue up by 37.5% in Q4 2020

Operating costs inclusive of foreign exchange losses are still a massive problem for the MNOs